Market Outline: Global Rodenticides Market

Rodenticides are the group of heterogeneous compounds that are used to kill the rodents, primarily mice, and rats. Rodenticides primarily used in warehouses, greenhouses and agriculture for killing the rodents which cause the crop damage. Rodenticides commercially available in the many forms such as pellets, powders and sprays.

Market Dynamics: Global Rodenticides Market

The rise in the demand for protection of crop and farmers concerns regarding the food wastage by rodents are primary driving factors for the global rodenticides market. In addition, ever-growing world population leading to increased demand for the food crops. Furthermore, adaptation of the chemicals for the crop protection and development of the innovative rodenticides with the least risk for the farmers are expected to boost the global rodenticides market over the forecast period. Moreover, rise in demand for the pesticides along with the growth in agricultural due to government initiatives and support is expected to positively impact the market growth during the forecast period. However, toxicity of the pesticides on humans and stringent regulations by government over usage of rodenticides due to soil contamination are expected to hamper the market growth over the forecast period.

Market Scope: Global Rodenticides Market

Global Rodenticides market is segmented based on type, form, end user, and region

Based on type, market is segmented into

Anti Coagulants

Coagulants

Others

Based on form, market is segmented into

Pellets

Sprays

Powders

Others

Based on end user, market is segmented into

Ware Houses

Agricultural Feilds

Pest Control companies

Others

Based on region, market is segmented into

North America

Latin America

The Middle East and Africa

Asia Pacific

Europe

Market Summary: Global Rodenticides Market

Global rodenticides market is expected to grow at significant rates over the forecast period due to development of new rodenticides by the market players to increase their market share. For instance, in September 2014, Bayer AG has launched innovative new rodenticide, Racumin Foam for controlling rodenticide. Companies operating in rodenticides market are also focusing on expanding their geographical reach by various strategies such as acquisition, licensing and collaboration. For instance, Dec 2015, Neogen Corporation acquired complete rodenticide assets of Virbac Corporation, North America affiliate of Viabc Group, to expand their marketplace and product line.

Regional Analysis: Global Rodenticides Market

Geographically Rodenticides market is divided into five key regions, i.e. North America, Europe, Asia- Pacific, Latin America, and The Middle East & Africa. North America rodenticides market is expected to grow at significant rates owing to the presence of the key market players and investment in the development of the new products. Asia Pacific rodenticides market is expected to have significant growth rate owing to rise in food grains demand and growing agricultural sectors, especially in India and China. Furthermore, recent product launches and growing adaptation of rodenticides for crop protection in Australia projected to boost the market share. For instance, in February 2017, BASF has launched two new fast acting rodenticides namely, “Selontra” and “Storm” in Australia. Europe rodenticides market expected to grow at notable rates owing to the technological advancements in agriculture sector and rising concerns related to crop protection.

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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